GCC sovereign sukuk issuance to reach $34bn this year on rising funding needs

  • Date: 12-Aug-2020
  • Source: The National
  • Sector:Financial Markets
  • Country:GCC
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GCC sovereign sukuk issuance to reach $34bn this year on rising funding needs

Sovereign sukuk issuance in the Gulf is expected to pick up pace in the second half of this year, driven by higher government funding needs amid lower oil prices and the pandemic-driven economic slowdown,